Hints and tips:
...The billionaire industrialist had announced a year earlier the sale of his listed chemicals company, Huntsman Corp, to the private equity titan Apollo Global Management for $10.6bn....
...Huntsman sued Apollo, Credit Suisse and Deutsche Bank, and ultimately settled for a multibillion-dollar payout....
...Huntsman Corp, the US chemicals group, is selling two of its businesses to Thailand-based petrochemicals company Indorama Ventures for more than $2bn....
...The suspension of the Saudi joint venture is the latest stage in a turbulent period for the Swiss company, which abandoned a plan for a $20bn merger with Huntsman of the US in 2017 following opposition by...
...In 2017, Clariant’s plans for a $20bn merger with Huntsman were thwarted by US activist investors, who said his plans had no strategic merit and undervalued the Swiss company....
...There are numerous examples of activists forcing companies not to do dilutive transactions, such as Corvex, a hedge fund, scuttling Clariant’s planned takeover of Huntsman....
...Corp....
...Swiss chemicals group Clariant and US rival Huntsman Corp have abandoned a planned $20bn merger after opposition by an activist investor group that included Keith Meister’s Corvex hedge fund....
...Clariant was last year thwarted in its attempts at a $20bn merger with US rival Huntsman Corp by the White Tale investor group, which was backed by Keith Meister’s Corvex hedge fund, and New York investment...
...Clariant was last year thwarted in its attempts to push through a $20bn merger with US rival Huntsman Corp by the White Tale investor group, which is backed by Corvex and New York fund 40 North....
...Swiss chemical group Clariant will look for another merger partner after the collapse last week of a proposed $20bn tie up with US rival Huntsman Corp, according to its chief executive....
...Swiss chemicals group Clariant and its US rival Huntsman Corp have abandoned a planned $20bn merger after opposition by an activist investor group that included Keith Meister’s Corvex hedge fund....
...Keith Meister, a bullet-headed US hedge fund manager, has stomped into Switzerland and broken up plans for Clariant to merge with fellow chemical group Huntsman....
...“Clariant and Huntsman are joining forces to gain much broader global reach, create more sustained innovation power and achieve new growth opportunities,” he added....
...They have already blocked a $15bn merger with Huntsman of the US. Now they plan to take their demands for board seats and a strategic review to other investors....
...Corp of the US....
...Swiss chemicals group Clariant has reported an acceleration in sales and reiterated its medium term profit target, as it recoils from the collapse last week of a planned merger with US rival Huntsman Corp...
...Keith Meister and two other US activist investors have bought a stake in the Swiss chemicals group Clariant in the hope of derailing its $20bn merger with US rival Huntsman Corporation....
...Swiss chemicals group Clariant has hired Ernesto Occhiello from Sabic, the Saudi anchor shareholder, as chief executive after last year’s failed attempt to merge with US rival Huntsman Corp, the FT reported...
...Peter Huntsman, president and chief executive of Huntsman and who will become the new company’s chief executive, said he was looking forward to working closely with Mr Kottmann, adding: We also look forward...
...Jon Huntsman Sr founded Huntsman with his brother in 1970 after leaving a junior role in President Richard Nixon’s White House....
...Clariant investors would own 52 per cent of the new group, with Huntsman shareholders having the rest....
...The merged company will follow Clariant’s dividend policy; in recent years it has paid out about half of profits against a third at Huntsman....
...However, Friday saw the collapse of another deal — the proposed $20bn merger of Swiss chemicals group Clariant and its US rival Huntsman Corp — following opposition by an activist investor group that included...
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